NYSE$INFA
Informatica Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Informatica's Q3 2022 financial results were reported, demonstrating subscription ARR growth above expectations and strong bottom-line performance.
Informatica reported a 3% year-over-year increase in GAAP total revenues, reaching $372.0 million, and a 10% year-over-year increase in GAAP subscription revenues, totaling $214.0 million. The company's subscription ARR grew by 27% year-over-year to $936 million, while cloud ARR increased by 39% year-over-year to $400 million. GAAP operating income was $2.6 million, and unlevered free cash flow was $76.8 million.
- Subscription ARR increased 27% year-over-year to $936 million.
- Cloud ARR increased 39% year-over-year to $400 million.
- GAAP Total Revenues increased 3% year-over-year to $372.0 million.
- Processed 44.5 trillion cloud transactions per month, a 91% increase year-over-year.
Headline financials
Revenue & EPS history
Informatica · Revenue · Quarterly
$372M
Revenue by segment
Informatica · $407M total across 3 segments · Q4 2021
- Cloud subscription revenue$230M+23.5%56.5%
- Maintenance revenue$167M—41.0%
- Self-managed subscription license revenue$10.2M-60.1%2.5%
Forward guidance
Informatica provided financial guidance for the fourth quarter of 2022, with GAAP total revenues expected to be in the range of $398 million to $408 million and subscription ARR expected to be in the range of $980 million to $990 million. Cloud ARR is expected to be in the range of $425 million to $431 million, and non-GAAP operating income is expected to be in the range of $93 million to $103 million.
Tailwinds
- GAAP Total Revenues are expected to be in the range of $398 million to $408 million, representing flat year-over-year growth at the midpoint of the range.
- Subscription ARR is expected to be in the range of $980 million to $990 million, representing approximately 23% year-over-year growth at the midpoint of the range.
- Cloud ARR is expected to be in the range of $425 million to $431 million, representing approximately 35% year-over-year growth at the midpoint of the range.
- Non-GAAP Operating Income is expected to be in the range of $93 million to $103 million.
- Basic weighted-average shares outstanding to be approximately 284 million shares and diluted weighted-average shares outstanding to be approximately 288 million shares.
Headwinds
- Fourth quarter total revenues guidance includes a negative impact of approximately $15 million from FX year-over-year.
- Guidance includes the impact from macroeconomic conditions and foreign exchange headwinds.
- Reconciliation of non-GAAP operating income and unlevered free cash flow after-tax guidance to the most directly comparable GAAP measures is not available without unreasonable effort.
- Stock-based compensation expense specific to our equity compensation awards and employer payroll tax-related items on employee stock transactions are directly impacted by the timing of employee stock transactions and unpredictable fluctuations in our stock price
- Fourth Quarter 2022 Ending December 31, 2022
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 17 quarterly earnings reports · overlaid with Q3 2022
-0.2%
Avg return
Earnings day
-0.7%
Avg return
5 days after
+0.1%
Avg return
30 days after
45%
10 / 22 earnings
Positive
+17.7%
Q3 2023
Best reaction
-26.6%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | — | — | — | |
| Q4 2025 | — | — | — | |
| Q3 2025 | +0.1% | +0.0% | — | |
| Q2 2025 | -0.1% | -0.0% | +0.2% | |
| Q1 2025 | +0.4% | +2.3% | +26.8% | |
| Q4 2024 | -21.5% | -20.7% | -27.4% | |
| Q3 2024 | +1.9% | -4.3% | -1.4% | |
| Q2 2024 | -1.8% | -2.4% | +3.1% | |
| Q1 2024 | -2.1% | -3.1% | -6.9% | |
| Q4 2023 | +15.1% | +15.6% | +16.3% | |
| Q3 2023 | +17.7% | +18.7% | +31.0% | |
| Q2 2023 | +11.5% | +13.4% | +10.2% | |
| Q1 2023 | -6.8% | -3.0% | +17.1% | |
| Q4 2022 | -0.1% | -1.0% | -15.3% | |
| Q3 2022 | -4.6% | -3.1% | -13.1% | |
| Q2 2021 | +2.6% | -1.4% | -7.5% | |
| Q2 2022 | +11.8% | +13.2% | +17.9% | |
| Q1 2021 | -10.9% | -7.0% | +2.6% | |
| Q1 2022 | -0.6% | -6.3% | -4.6% | |
| Q4 2019 | -0.7% | +7.2% | +11.3% | |
| Q4 2021 | -26.6% | -25.8% | -31.6% | |
| Q4 2020 | +5.9% | -0.5% | -17.2% | |
| Q3 2020 | +5.9% | -0.5% | -17.2% | |
| Q3 2021 | -1.3% | -5.8% | +8.5% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — | |
| Q1 2015 | — | — | — | |
| Q4 2014 | — | — | — |
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